Union Bankshares (NASDAQ:UNB) Stock Crosses Below 200-Day Moving Average – What’s Next?

Shares of Union Bankshares, Inc. (NASDAQ:UNB) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.27 and traded as low as $23.50. Union Bankshares shares last traded at $23.55, with a volume of 2,779 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UNB shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Union Bankshares in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Union Bankshares to a “hold” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Union Bankshares Stock Down 0.4%

The firm has a market cap of $107.72 million, a price-to-earnings ratio of 9.68 and a beta of 0.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a 50-day moving average of $24.34 and a 200-day moving average of $24.26.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings data on Thursday, February 5th. The bank reported $0.60 earnings per share for the quarter. The firm had revenue of $11.47 million during the quarter. Union Bankshares had a return on equity of 15.18% and a net margin of 12.75%.

Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Saturday, January 31st were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 6.1%. The ex-dividend date was Friday, January 30th. Union Bankshares’s payout ratio is currently 59.26%.

Institutional Trading of Union Bankshares

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Union Bankshares by 0.3% in the third quarter. Vanguard Group Inc. now owns 185,095 shares of the bank’s stock valued at $4,583,000 after acquiring an additional 529 shares during the last quarter. Cardinal Capital Management grew its stake in shares of Union Bankshares by 13.8% during the third quarter. Cardinal Capital Management now owns 96,203 shares of the bank’s stock worth $2,382,000 after buying an additional 11,692 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Union Bankshares by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 87,314 shares of the bank’s stock worth $2,072,000 after buying an additional 1,249 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Union Bankshares by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank’s stock valued at $1,015,000 after acquiring an additional 1,707 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Union Bankshares by 1.8% in the 4th quarter. State Street Corp now owns 37,275 shares of the bank’s stock valued at $885,000 after acquiring an additional 649 shares during the last quarter. 14.84% of the stock is owned by institutional investors and hedge funds.

Union Bankshares Company Profile

Union Bankshares, Inc is a Virginia-based bank holding company and the parent of Union Bank & Trust, offering a comprehensive range of commercial and retail banking services. Through its community banking platform, the company provides deposit accounts, business and consumer lending, treasury and cash management, residential mortgages, and digital banking solutions. It also delivers trust and wealth management services to individuals, corporations, and nonprofits.

The company’s commercial banking team serves small and middle-market businesses with financing for real estate, equipment, working capital, and industrial sectors.